Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years...
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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets 2021 2020 $ 541,540 $ 414,864 326,007 260,120 154,744 57,251 36,508 215,533 76,899 48,739 125,638 89,895 16,720 $ 73,175 KORBIN COMPANY Comparative Balance Sheets December 31 2021 93,759 60,985 12,502 $ 48,483 $61,190
Selected comparative financial statements of Korbin Company follow. Ko1n coMPNWr Comparative Balance sheets December 31 202120202019 Assets Current assets Long-tere investients plant assets, net Total assets Liabilities and tquity Current 11abilities common stock other paid-in capital Retained earnings Total liabilities and equity KORBIN COMPANY Common-Size Comparative Income Statements \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{3}{|c|}{ For Years Ended December 31, 2021, 2020, and 2019} \\ \hline Sales & & \multicolumn{2}{|c|}{2020} & \multicolumn{2}{|c|}{2019} \\ \hline Cost of goods sold & & & & & \\ \hline Gross profit & & & & \\ \hline Selling expenses & & & & \\ \hline Administrative expenses & & & \\ \hline Total expenses & & & & \\ \hline Income before taxes & & & & \\ \hline Income tax expense & & & & \\ \hline Net income & & & & \\ \hline \end{tabular} KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 \begin{tabular}{l|l} 2021 & 2020 \\ \hline \end{tabular} Assets Current assets Long-term investments Plant assets, net Total assets \begin{tabular}{|l|l|l|l|l|l|} \hline & % & % & 100.00 & % \\ \hline & & & 100.00 & \\ \hline & & & & 100.00 & \\ \hline & % & 100.00 & % \\ \hline \end{tabular} Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity \begin{tabular}{|l|l|l|l|l|} \hline & % & % & 100.00 & % \\ \hline & & & 100.00 & \\ \hline & & & 100.00 & \\ \hline & & & 100.00 & \\ \hline & % & 100.00 & % \\ \hline \end{tabular}
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets 2021 2020 $ 541,540 $ 414,864 326,007 260,120 154,744 57,251 36,508 215,533 76,899 48,739 125,638 89,895 16,720 $ 73,175 KORBIN COMPANY Comparative Balance Sheets December 31 2021 93,759 60,985 12,502 $ 48,483 $61,190




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